D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 17.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 104,969 shares of the construction company’s stock after acquiring an additional 15,460 shares during the quarter. Toronto Dominion Bank’s holdings in D.R. Horton were worth $20,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DHI. Bfsg LLC raised its holdings in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares in the last quarter. Coastline Trust Co purchased a new position in shares of D.R. Horton in the 3rd quarter valued at $26,000. Signature Resources Capital Management LLC acquired a new stake in D.R. Horton during the 2nd quarter worth $31,000. Rakuten Securities Inc. lifted its position in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its stake in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the subject of several research reports. Barclays reissued an “equal weight” rating and issued a $170.00 target price (down from $192.00) on shares of D.R. Horton in a report on Wednesday. Royal Bank of Canada reduced their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. BTIG Research decreased their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company cut their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $182.73.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $151.21 on Friday. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $172.49 and a 200 day moving average price of $168.86. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The company has a market cap of $48.56 billion, a P/E ratio of 10.53, a PEG ratio of 0.58 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.45 earnings per share. Research analysts predict that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.74% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.